MDT
Medtronic plc (MDT)
Last Price$94.32.5%
Market Cap$120.9B
LTM Operating Income margin
18.2%
5Y avg
16.9%
Medical - Devices industry median
(32.1%)
Stock quality & Intrinsic value
6/10
0.2% undervalued

Medtronic plc Operating Income margin

Annual
Quarterly
LTM
Industry median
Company stand-alone
MDT
Healthcare
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Apr'05Apr'06Apr'07Apr'08Apr'09Apr'10Apr'11Apr'12Apr'13Apr'14Apr'15Apr'16Apr'17Apr'18Apr'19Apr'20Apr'21Apr'22Apr'23Apr'24
Operating Income margin
25.3%
28.0%
28.6%
21.3%
19.3%
27.6%
26.2%
29.0%
28.0%
24.0%
18.6%
18.4%
17.9%
22.2%
20.5%
16.6%
14.9%
18.2%
17.6%
15.9%
MDT
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Medtronic plc (MDT) Operating Income margin comparison analysis

MDT key stats

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Apr'05Apr'06Apr'07Apr'08Apr'09Apr'10Apr'11Apr'12Apr'13Apr'14Apr'15Apr'16Apr'17Apr'18Apr'19Apr'20Apr'21Apr'22Apr'23Apr'24
% growth
10,054.6
10.6%
11,292.0
12.3%
12,299.0
8.9%
13,515.0
9.9%
14,599.0
8.0%
15,817.0
8.3%
15,933.0
0.7%
16,184.0
1.6%
16,590.0
2.5%
17,005.0
2.5%
20,261.0
19.1%
28,833.0
42.3%
29,710.0
3.0%
29,953.0
0.8%
30,557.0
2.0%
28,913.0
(5.4%)
30,117.0
4.2%
31,686.0
5.2%
31,227.0
(1.4%)
32,364.0
3.6%
Cost of Goods Sold (COGS)2,446.42,815.33,168.03,446.03,518.03,812.03,912.03,889.04,126.04,333.06,309.09,142.09,291.09,055.09,155.09,424.010,483.010,145.010,719.011,216.0
% margin
7,608.2
75.7%
8,476.7
75.1%
9,131.0
74.2%
10,069.0
74.5%
11,081.0
75.9%
12,005.0
75.9%
12,021.0
75.4%
12,295.0
76.0%
12,464.0
75.1%
12,672.0
74.5%
13,952.0
68.9%
19,691.0
68.3%
20,419.0
68.7%
20,898.0
69.8%
21,402.0
70.0%
19,489.0
67.4%
19,634.0
65.2%
21,541.0
68.0%
20,508.0
65.7%
21,148.0
65.3%
Operating Expenses4,164.94,772.35,392.05,982.06,903.07,740.07,041.07,899.07,694.07,854.09,395.013,731.014,106.014,555.014,770.014,267.014,739.015,633.014,678.016,129.0
Research & Development Expenses (R&D)951.31,112.91,239.01,275.01,355.01,483.01,508.01,490.01,557.01,477.01,640.02,224.02,193.02,253.02,330.02,331.02,493.02,746.02,696.02,735.0
Selling, General & Administrative Expenses (SG&A)3,213.63,659.44,153.04,707.05,152.05,789.05,533.06,074.05,698.05,847.06,904.09,469.09,711.09,974.010,418.010,109.010,148.010,292.010,415.010,736.0
2,543.5
25.3%
3,161.3
28.0%
3,515.0
28.6%
2,885.0
21.3%
2,811.0
19.3%
4,371.0
27.6%
4,173.0
26.2%
4,696.0
29.0%
4,639.0
28.0%
4,084.0
24.0%
3,766.0
18.6%
5,291.0
18.4%
5,330.0
17.9%
6,651.0
22.2%
6,268.0
20.5%
4,791.0
16.6%
4,484.0
14.9%
5,752.0
18.2%
5,485.0
17.6%
5,144.0
15.9%
Interest Income0.00.00.0364.0188.0156.0172.0200.0237.0271.0386.0431.0366.0397.01,444.0300.0192.0367.0386.00.0
Interest Expense0.00.00.0255.0217.0246.0450.0149.0388.0379.0666.01,386.01,094.01,146.01,444.01,092.0925.0553.0636.0719.0
Pre-tax Income2,543.53,161.33,515.02,885.02,594.03,969.03,723.04,145.04,251.03,705.03,486.04,336.04,602.05,675.05,197.04,055.03,895.05,517.05,364.04,837.0
% effective tax rate
739.6
29.1%
614.6
19.4%
713.0
20.3%
654.0
22.7%
425.0
16.4%
870.0
21.9%
627.0
16.8%
730.0
17.6%
784.0
18.4%
640.0
17.3%
811.0
23.3%
798.0
18.4%
578.0
12.6%
2,580.0
45.5%
547.0
10.5%
(751.0)
(18.5%)
265.0
6.8%
456.0
8.3%
1,580.0
29.5%
1,133.0
23.4%
% margin
1,803.9
17.9%
2,546.7
22.6%
2,802.0
22.8%
2,231.0
16.5%
2,169.0
14.9%
3,099.0
19.6%
3,096.0
19.4%
3,617.0
22.3%
3,467.0
20.9%
3,065.0
18.0%
2,675.0
13.2%
3,538.0
12.3%
4,028.0
13.6%
3,104.0
10.4%
4,631.0
15.2%
4,789.0
16.6%
3,606.0
12.0%
5,039.0
15.9%
3,758.0
12.0%
3,676.0
11.4%
EPS1.492.112.441.971.852.802.873.433.403.062.442.512.922.293.443.572.683.752.832.77
Diluted EPS1.482.092.411.951.842.792.863.413.373.022.412.482.892.273.413.542.663.732.822.76
% margin
3,061.9
30.5%
4,172.8
37.0%
4,322.0
35.1%
3,631.0
26.9%
3,510.0
24.0%
5,143.0
32.5%
5,058.0
31.7%
5,327.0
32.9%
5,538.0
33.4%
5,645.0
33.2%
6,278.0
31.0%
8,539.0
29.6%
9,027.0
30.4%
9,189.0
30.7%
9,368.0
30.7%
7,825.0
27.1%
8,192.0
27.2%
9,554.0
30.2%
8,475.0
27.1%
8,203.0
25.3%

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FAQ

1) What is Medtronic plc's Operating Income margin?

As of today, Microsoft Corp's last 12-month Operating Income margin is 18.2%, based on the financial report for Jan 24, 2025 (Q1’2025). The average annual Operating Income margin for Medtronic plc have been 17.7% over the past three years, and 17.8% over the past five years.

2) Is Medtronic plc's Operating Income margin Good?

As of today, Medtronic plc's Operating Income margin is 18.2%, which is higher than industry median of (32.1%). It indicates that Medtronic plc's Operating Income margin is Good.

3) How does Medtronic plc's Operating Income margin compare to its peers?

As of today, Medtronic plc's Operating Income margin is 18.2%, which is higher than peer median of 16.6%. The list of peers includes EW, STE, BSX, SYK, ZBH, ABT, PODD, ALGN, DXCM, PHG.